May 25, 2012

A new client just came in with her little 2 month old Yorkshire puppy! He was black, and cuddly and adorable! Oh gosh, I may have to get one of those for my little boys…. Rates have remained in ‘check’ with slow global economic growth (including China and Brazil) as well as the continuing troubles in Europe, especially Greece. This helps reduce inflationary pressures, which further increases the demand for ‘safe’ assets (mortgage long term bonds), and helps rates stay low. Please have a safe and relaxing Memorial Day weekend! RATES as of May 25, 2012 (UNCHANGED for the week) The following assumptions apply: • 20% Down Payment (Conforming) / 25% Down Payment Jumbo (Lower down payments available – call for details) • 1% Origination Fee • Escrows Required (if no escrow, higher fees may apply) • Purchase Transactions, Primary Residence (Refinances have different rates) • 30 day closing • Credit Score 740 + • Debt to income ratio <=40% • Full Documentation of Income/Assets Conforming ($200,000* - $417,000) Jumbo ($417,001- $1,000,000*) 10 year (fixed) 2.750% APR 3.064% 15 year ( fixed ) 3.500% APR 3.695% 15 year (fixed) 3.000% APR 3.217% 30 year ( fixed ) 4.250% APR 4.363% 30 year (fixed) 3.750% APR 3.874% 7/1 ARM 2.875% APR 3.233% 5/1 ARM 2.875% APR 3.270% 7/1 ARM 3.125% APR 3.335% 5/1 ARM 2.750% APR 3.239% 10/1 ARM 3.500% APR 3.538% FHA/VA call for quote (max loan $270,000) 5/5 ARM 3.000% APR 2.843% We do originate loans below $200,000. These amounts are chosen to show the most favorable rates. For other product options or for loan amounts less than $200,000 or above $900,000 please call for quote. Call for details! If you know of someone who would appreciate my services, please contact me with their name and number and I will be happy to help them! Jennifer Hernandez & Team Kenny, Brianna, Diana, Jason, and Jose Patriot Bank Mortgage NMLS# 514497 Office: 713-337-8400 E-mail: jennifer@patriotbankusa.com Website: www.applywithpatriot.com

May 11, 2012

This week’s blog is short! Rates are great….we are quoting 30 Fixed Jumbo’s in the low 4’s! Who would have ever thought? This is THE TIME for your buyers to purchase a home. Thanks for your business, and we love being your lender of choice! If you have not referred us yet, WE WANT TO BE YOUR LENDER! Here is what you can expect from my team: • Closings in 30 days or less (40 days for Jumbo) • Weekly status updates (every Tuesday) until closing • HUD for review a minimum of 24 hours before closing • FAST fundings ! Our average funding time is 20 minutes once all parties have signed. Enjoy the weekend! RATES as of May 11, 2012 (UP for the week) The following assumptions apply: • 20% Down Payment (Conforming) / 25% Down Payment Jumbo (Lower down payments available – call for details) • 1% Origination Fee • Escrows Required (if no escrow, higher fees may apply) • Purchase Transactions, Primary Residence (Refinances have different rates) • 30 day closing • Credit Score 740 + • Debt to income ratio <=40% • Full Documentation of Income/Assets Conforming ($200,000* - $417,000) Jumbo ($417,001- $1,000,000*) 10 year (fixed) 2.750% APR 3.064% 15 year ( fixed ) 3.500% APR 3.695% 15 year (fixed) 3.000% APR 3.217% 30 year ( fixed ) 4.250% APR 4.363% 30 year (fixed) 3.750% APR 3.874% 7/1 ARM 2.875% APR 3.225% 5/1 ARM 2.75% APR 3.213% 7/1 ARM 3.000% APR 3.269% 5/1 ARM 2.750% APR 3.230% 10/1 ARM 3.500% APR 3.532% FHA/VA call for quote (max loan $270,000) 5/5 ARM 3.000% APR 2.925% We do originate loans below $200,000. These amounts are chosen to show the most favorable rates. For other product options or for loan amounts less than $200,000 or above $900,000 please call for quote. Call for details! If you know of someone who would appreciate my services, please contact me with their name and number and I will be happy to help them!